BoJ's Ueda urges caution on ETF strategy
- Bank of Japan Governor Kazuo Ueda stated that the central bank will continue to raise interest rates if economic and price developments align with projections.
- Ueda explained that Japan's recent 'very high' inflation is mainly due to temporary factors like rising import costs and food prices.
- The BOJ increased its short-term policy rate to 0.5% in January, as it believes Japan is close to achieving its 2% inflation target.
- Ueda mentioned that underlying inflation is expected to gradually converge toward 2%, despite temporary rises in food prices.
13 Articles
13 Articles
BOJ to Keep Raising Benchmark Rate If Outlook Is Met, Ueda Says
Bank of Japan Governor Kazuo Ueda indicated he aims to keep his options open ahead of the bank’s next policy meeting, as traders searched for hints on the next rate hike timing during three hours of questioning in parliament.
ThePatriotLight - BOJ to keep raising benchmark rate if outlook is met, Ueda tells parliament
ThePatriotLight - The Bank of Japan will continue to raise its benchmark interest rate if its economic projections are realized, Gov. Kazuo Ueda said."Although there are pockets of weakness, the economy is recovering moderately,” Ueda said Wednesday in his semiannual report to parliament. "We believe that growth has continued to exceed the potential growth rate as the positive cycle from income to spending gradually strengthened against the back…
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